Peter Thiel Launches Tirade Against 'Gerontocracy' Over Bitcoin (theguardian.com) 124
Peter Thiel, the co-founder of PayPal, has accused a "finance gerontocracy" including Warren Buffett and Jamie Dimon of hindering bitcoin's progress. From a report: The outspoken libertarian tech investor described multibillionaire Buffett, the world's richest investor, as the "sociopathic grandpa from Omaha" in a keynote address at the Bitcoin 2022 conference in Miami on Thursday. Thiel's address began with an analysis of the investment merits of cryptocurrencies but soon escalated into a tirade against the financial establishment, including "bankrupt" central banks and the "hate factory" of ESG -- which stands for environmental, social and corporate governance and is a cornerstone of responsible investing principles.
"It's a movement, and it's a political question, whether this movement is going to succeed, or whether the enemies of a movement are going to succeed in stopping us," he said, shortly before naming Buffett as "enemy number one." In a speech that also cited JP Morgan's chief executive Dimon and Larry Fink, the chair of investment group BlackRock, he said institutions run by a "finance gerontocracy" were hindering the cryptocurrency. Thiel said choosing not to invest in bitcoin was a "deeply political choice" and the financial establishment should be told "you have to get onboard on this." Thiel added that the $830bn bitcoin market could rival the global equities market, worth more than $100tn.
"It's a movement, and it's a political question, whether this movement is going to succeed, or whether the enemies of a movement are going to succeed in stopping us," he said, shortly before naming Buffett as "enemy number one." In a speech that also cited JP Morgan's chief executive Dimon and Larry Fink, the chair of investment group BlackRock, he said institutions run by a "finance gerontocracy" were hindering the cryptocurrency. Thiel said choosing not to invest in bitcoin was a "deeply political choice" and the financial establishment should be told "you have to get onboard on this." Thiel added that the $830bn bitcoin market could rival the global equities market, worth more than $100tn.
Thiel is a grifter (Score:3, Insightful)
Re:Thiel is a grifter (Score:5, Insightful)
Anyone supporting bitcoin as an investment vehicle is a shill. There was a time when it seemed attractive as a currency, but given what we've learned over the past decade about Bitcoin's extreme volatility and the energy cost of proof-of-work consensus, anyone buying into bitcoin now is only looking for a greater fool
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There was a time when it seemed attractive as a currency, but given what we've learned over the past decade ...
Ah, those were the days... At the moment, cryptocurrencies seem more like a volatile, often bad, investment, gambling, and/or way to get your money stolen, than just really unstable currency.
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Re:Thiel is a grifter (Score:5, Insightful)
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maybe people should stop using the word 'investing'. Investing implies long term return on investment, and not entirely financially.
They're talking about Berkshire Hathaway. They invest. Often in the unexpected.
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And Buffett is careful with his money. His investments in the unexpected are well researched - if his research is showing something is undervalued or can be obtained at a discount compared to its real value, he'll invest.
Buffett makes his money by being careful - he's not throwing his money at the next fad - everything he invests in he does tons of research on.
Thiel is complaining that the big money isn't jumping on the latest fa
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Overheard end of discussion about Bitcoin: (Score:1)
Heard the tail-end of a discussion between a Bitcoin bro claiming it'll soon hit $200K, while the other said it was going to crash:
Non-bro: "Yeah yeah yeah... call me when it's able to stay above $50k for more than 5 days."
Bro: sarcastically "OK, what's your number?"
Non-bro: as he walks away "You won't need it."
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When the petro dollar collapses because Russia, China, middle east and Venezuela get tired of the US I guess we'll find out.
Why not just claim leprechauns are going to upend the markets by flooding them with gold? It's just as realistic a scenario.
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I like that the goal posts are moving. It used to be that shills would dispute the USD is a petro dollar and propped up by international trade. ;).
Now that doesn't seem to be disputed. Now you want to dispute that it could lose its standing. Progress
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Yeah it's super easy to win arguments in your own head when you can ascribe the dumbest arguments to them and just call them "shills". The dollar is the petro dollar, if you keep finding people who dispute that then try and find smarter people to discuss with. The dollar being the petro dollar is morally neutral. It's the ptro dollar because it's nice to have a stable currency to trade international commodities in.
However it's a pipe dream to think that that China is going to dump the dollar when they ow
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Why not just claim leprechauns are going to upend the markets by flooding them with gold? It's just as realistic a scenario.
Well Americans can't legally hoard gold like that, so it would have to be the leprechauns! Or the Bavarian illuminati.
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It's a strong indicator that we should be ignoring him, and anyone stupid enough to own crypto to dump it.
You can't really ignore someone (Score:2)
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He runs his own PAC and worked with Trump, these are both very strong indicators that he's a liar and a shill
Whatever the truth of that may be, Thiel now going full tulip means that this will be a self-limiting problem.
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Thiel is a grifter
Makes perfect sense then because all cryptocurrency is a troll-meme, wastes valuable resources, and is primarily used for criminal activities.
Give us the proof already, then (Score:1)
Working wuth Trump is a strong indicator of a liar and a shill? lol Nice deflection. How about Hunter and the Big Guy with his 10%?
Still waiting on the proof from that laptop.... and the laptop itself.... feel free to provide those any day now...
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You won't read it, and you'll make up claims about it, but it still exists and looks a lot more credible than the garbage the White House spews every day [baldingsworld.com]
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Re: Give us the proof already, then (Score:1)
Re:Give us the proof already, then (Score:5, Insightful)
As we are seeing right now, with the worst inflation in decades, gas prices at record highs, food prices skyrocketing, and Russia engaging in blatant military empire building because they know that Europe can't stop them and the US won't.
Since you seem to have all the answers to the world's problems could you explain to everyone exactly how the President of the USA can reverse inflation caused by shortages due to a global pandemic? How about how the President can unilaterally lower the price of gas at the pumps? Food price increases are also due to the shortages of the global pandemic so if you answer the first question this one would be answered as well.
About the only thing you listed that the President of the USA can do is send troops into Ukraine to quell Putin's expansionist ambitions. I don't think you would actually like this solution though since that would almost certainly escalate a regional conflict into a full blown world war.
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Yeah, it doesn't matter, unfortunately. Presidents get undue blame (and credit) for the economy, and no amount of 'splainin will change it.
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Re:Thiel is a grifter (Score:5, Funny)
Nice deflection. How about Hunter and the Big Guy with his 10%?
The part you're missing is when Hunter raked in over $640 million dollars when his dad was in office. That's the real story.
My apologies. I keep getting kids confused. That was Ivanka and Jared [yahoo.com].
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Not counting the $2B for his "private investment firm." [vanityfair.com].
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Nice deflection.
That's not what deflection means. Deflecting from what?
How about Hunter and the Big Guy with his 10%?
Now that's deflection. Whataboutism because you apparently felt attacked.
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Hunter Biden admits he made mistakes. But so far no crimes. And no evidence that Joe Biden profited from this. I dont' get it, the Biden opponents assume that if Hunter had bad judgement then clearly Joe is bad also. Ie, if the family is bad then the head of the family is bad... But heck, Eric Trump is a moron with a loose set of ethics, does that mean we should judge Donald by how awful Eric is, or should we judge Donald only on the awful things he did himself?
So the Hunter laptop story is interesting, i
Hypocrite alert! (Score:5, Insightful)
well, cryptocurrency fails the first one - environmental.
Re:Hypocrite alert! (Score:4, Insightful)
Thiel is a scammer. Crypto fails everything but the scammers.
How much does Peter Thiel stand to lose... (Score:5, Interesting)
...when Bitcoin collapses into the digital dust from which it was created?
I can certainly understand his motivation to shout at anyone who is not supporting the narrative that keeps his pile of imaginary crypto-wealth in existence.
Re:How much does Peter Thiel stand to lose... (Score:5, Insightful)
You've hit the nail on the head. Cryptocurrency is fundamentally a pyramid/ponzi type scheme. The goal in all cases is - whether right now, or at some time in the future - to cash it out into real currency of some sort.
And to those who say "but I can use my bitcoin to buy stuff from this rando guy who smells funny at the local flea market" - well, no shit. What's that guy going to do again? Oh right, he's going to convert it into real currency.
The only way for the cryptocurrency scam to keep going, is for there to be a next round of suckers buying in at a higher price than the previous round. And that requires a steady phase of pump-and-dump behavior, because it's the late stages of the scam. Thus the various pushers are getting louder and more irate, because they don't want to see the scam end (before they can cash back out on the backs of the final round of suckers).
Re:How much does Peter Thiel stand to lose... (Score:5, Interesting)
Crypto is not fundamentally a ponzi scheme. It's ENTIRELY a ponzi scheme. It's only real value is enriching scammers. There is some side value of allowing illegal transactions online, but the blockchain does allow a lot of tracking of transactions, proven by arrested pedos. So, no real value.
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Crypto is not fundamentally a ponzi scheme. It's ENTIRELY a ponzi scheme.
When the only product a company has to sell is its own stock, the only place they should be allowed to spend it is in the prison commissary.
I see no reason why crypto should be handled any differently.
This isn't entirely true (Score:3)
This actually makes sense, given how much stolen currency is out there. Yeah, that's not technically Valve's problem... unless they can be shown to be consistently profiting from criminal activity. There's laws against that (and for good reason), and I wouldn't want to deal with it if I were Gabe.
This means Crypto is really only useful for transa
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While emotionally I would like to agree with you, crypto currencies can fight for enough legitimacy for long enough that they end up as a de-facto security/currency/whatever. We are about 70% through the game, so it is hard to see if they will succeed or not at this point. How long that remaining 30% will take is a big question, but each little win it gains pushes the values up. (It is just hard to know if they are dead-cat bounces when looking at them.)
The fact that the Fed or Biden talk about crypto is
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How many of them are profiting by advising him to plough into crypto and how m
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...when Bitcoin collapses into the digital dust from which it was created?
Do you know what the street value of "digital dust" is? I smell profit!
Buffet won't endorse my pyramid scheme (Score:5, Insightful)
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> Buffet won't endorse the pyramid scheme I am heavily invested in.
USD? It's lost half of its value in the past two years.
He's absolutely a booster.
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USD? It's lost half of its value in the past two years.
He's absolutely a booster.
By what metric? Against commodities? Against other currencies? Against 'real money' as against gold it was $1700 in 2020, $1900 now, so not double.
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Obvious question is relative to what. Pretty flat with Gold, Euro, and pretty much everything else I watch. Down ~10% in purchasing power, but that isn't a long-term trend, just a side effect of the COVID stimulus.
Re:Buffet won't endorse my pyramid scheme (Score:4, Insightful)
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Also Peter Thiel believes in freedom--as long as he gets to tell Warren Buffett what he should Buffett should do with his own money.
To paraphrase a line from Upload [wikipedia.org], Thiel's really bossy for a libertarian.
(The original line is, "You're really bossy for an anarchist.")
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Buffet won't endorse the pyramid scheme I am heavily invested in. Call the whambulance.
Already super rich people, like Thiel, caring about the success of cryptocurrencies means they're not a good idea -- *especially* for the rest of us.
Investment in a currency (Score:5, Interesting)
There is something very peculiar about so called investment merits of cryptocurrencies. What you want from a usable currency is stability, which is the opposite of this. Trading is one thing, but investing? In a currency? When that's all that happens to it, it means it's an absolute failure as a currency - and then, eventually, the bubble will burst.
There is also something inconsequential in putting money into a cryptocurrency to earn money - that is, real money, not just having the same digital tulip.
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Are you aware of the history of currency trading markets and how stable mature cryptos have become? They barely trade outside of 2x these days. 10x swings used to be common. Many national currencies are more unstable now.
Re:Investment in a currency (Score:4, Informative)
Are you aware of the history of currency trading markets and how stable mature cryptos have become? They barely trade outside of 2x these days. 10x swings used to be common. Many national currencies are more unstable now.
Bitcoin is down 30% in the last 4 months (and is still currently trending down). Is that your definition of stable?
Re:Investment in a currency (Score:5, Insightful)
I lived in Lima, Peru in the late 80s, during the hyperinflation of the Inti. Basically all transactions were done in dollars. People got paid in Intis, but they would immediately go downtown and trade them for U.S. dollars. Comparing cryptocurrencies to failed national currencies is actually pretty apt. No one uses either of them for actual transactions.
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I have a friend in Brazil and she said during a similar period that any extra money went straight into tangible, non-perishable goods.
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Many national currencies are more unstable now.
Almost no national currencies of any countries with large economies are that unstable - the dollar, euro, pound, yen, yuan, rupee - all are much more stable. Even for those which don't trade in a 2x band over a short period (a year) it's normally due to either inflation (i.e., you know which way it is going) or wars.
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Trading is one thing, but investing? In a currency? When that's all that happens to it, it means it's an absolute failure as a currency
When that's all that happens to it, sure. But investing in currencies is old and useful. Any time you want to convert one currency into another, you need market makers and investors to be ready to buy and sell that currency. Sometimes it does involve buying and holding a currency when it's low.
The problem is always when the majority of financial activity is speculation and manipulation.
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Not necessarily a bad selling point if the audience is people who have enough disposable income to treat investment as something as or more serious than consumption, and who are deeply suspicious that fiat currencies ar
ESG? (Score:5, Interesting)
the "hate factory" of ESG -- which stands for environmental, social and corporate governance and is a cornerstone of responsible investing principles
The whole ESG thing is a farce [qz.com] and the whole point of it is to be able to put a blurb in your financial statements that says, "look, we're good guys!" without actually doing anything meaningful. Don't believe the hype!
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I could easily believe what you say about ESG in it's original sense, and corporations may well be cynically over-hyping their environmental/social creds but they are doing so because they feel that there is merit in at least giving that appearance.
ESG in Thiel's sense of the word is different, it is the creation and weaponization of a snappy three letter slur that can be used to beat an opponent with. Promote ESG bad (it doesn't really much matter what ESG stands for) and then accuse your opponent of it in
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ESG in Thiel's sense of the word is different, it is the creation and weaponization of a snappy three letter slur that can be used to beat an opponent with. Promote ESG bad (it doesn't really much matter what ESG stands for) and then accuse your opponent of it in the hope that people will be too lazy to look up what it means and just associate it with everything they are suppose to be irate about.
Worked for CRT right? What does he stand to lose. Must be nice to have no brain function for regret.
Can we just stop (Score:5, Insightful)
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I find him useful. If he's in favor of something, it's a good default to be against it.
No (Score:2)
Thiel has so much money that it's not money any more, it's power. And we all have to listen to what powerful men say because they can crush us any time they choose.
Butthurt-a-go-go (Score:4, Insightful)
Buffett only invests in what he understands. Well, right up until he finally broke down and invested in microsoft or whichever "big tech" it was, quite recently for Buffet timescales. It's not his job to promote anything at all. He's just in it for the return on investment.
So I don't know what Thiel's problem is. He doesn't have enough money already? He asked Buffett for a loan and got rebuffed, or something? Bitcoin wisdom has it that "loans are gifts", given how many totes trustworthy honest fer reels loaners in the community ended up defaulting.
The biggest enemies of bitcoin aren't even the various government financial rule bodies. It's the bitcoin bunch itself. Not just the shady part either, for various reasons.
The concept of digital cash is useful. Bitcoin was more or less the first that got something in that vicinity to work, in a way that wasn't dependent on a single company and thus couldn't be easily shut down by the authorities. But it's really only a prototype. Most of the offshoots are minor variations on the idea, not better beyond a name or an associated meme.
If Thiel cares so much, he shouldn't go bitching at random big names in investing. he should come up with something actually better and disrupt the shit out of the status quo. Put the banks completely out of the loop somehow. He should know their weaknesses. After all, he founded paypal, which actually has a banking licence in Luxembourg. Or was that the best mr. Thiel could do, hm? Did we already pass peak Thiel and now it's sputtering, a mouth-frothing tantrum or two, exit stage left and fade-out?
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Fools invest in what they do not understand. Bitcoin and other so called "cryptocurrency" are only gambling tokens and fail all the tests of money.
"Cryptocurrency" is without utility or value, is illiquid, extremely volatile, and not universally accepted (most be converted to money first to be used almost always)
Wake up fools, your cryptocurrency scam is going to collapse.
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One thing not mentioned previously is that you want currency to have meaning even if the electricity is off, or the network is disrupted, like a natural disaster or whatnot. You need something that's fungible with no external dependencies.
Also, bitcoin is a limited resource, which is why proponents think it's always going to go up in value. Opponents like me also point out that a collapse is just as sure, when people realize the limit and see that there isn't really enough to go around, it's being hoarded b
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#1. Lawsuit against Gawker over posting still images from a video shot by Hulk Hogan's neighbor of the pro wrestler fornicating with the neighbor's wife.
#2. Decrying Buffet as a bitcoin enemy simply for not becoming a useful fool.
I count two tantrums so far.
If it's a good invenstment medium (Score:2)
Blaming is the same tactic used by movie directors when their movies stink. Blame the fans.
So we blame those damn old stinky olde white dudes.
It doesn't change the fact that coin is a stupid investment medium
Cryptocurrency meet tulip bulb (Score:5, Insightful)
Except the tulip bulb at least had some value greater than zero after the crash.
Cryptocurrency is an environmental damaging (so far legal) "greater fool" pyramid scheme.
Can you make money? Sure, just keep finding "greater fools!"
Okay, everyone it's time to brush up on your reading from 1841: Extraordinary Popular Delusions and the Madness of Crowds
https://en.wikipedia.org/wiki/... [wikipedia.org]
Comment removed (Score:4, Informative)
Hot tip (Score:2)
https://finbold.com/crypto-inv... [finbold.com]
There are many grifters willing to take your money if you are stupid enough to give it to them. And Crypto and NFT is by design, a grift. You give them your money, then you lose it. But they still have your money.
Who is a Geriatric? (Score:3)
That rant might be more coherent coming from a 25 year old. Peter Thiel is 54. He'll be part of that "gerontocracy" in 10 years or so.
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According AARP, he is old enough to be a prospective member.
shocking... (Score:3)
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You should build a time machine and join the KGB because that is some revisionist history. Gawker's hubris killed Gawker. And nothing of value was lost.
Buy buy buy! (Score:2)
Spend all of your money on Bitcoin! All of it! It's definitely a great investment!* Get rich! Easy! Spend! How could you even possibly think otherwise?
* Unverified. I'm not responsible for the actions of any readers of this post. I may or may not already own Bitcoin and therefore stand to benefit from others investing.
Libertarian governmental philosophy (Score:3)
"Free Markets - and keep those subsidies coming!"
What is Thiel complaining about? (Score:4, Insightful)
Surely he doesn't object to those old dinosaur investors deciding crypto is too risky for them. He certainly doesn't want govt regulation or intervention so that's not a problem for him.
So it simply seems like he's cranky about the market's empirical assessment that crypto is not as attractive as it was touted to be at it's height last year.
Being cranky because people disagree with you and also seem to be more right about the trajectory of crypto is rather infantile and suggests he's unhappy they weren't willing to join the self-serving DeFi/coin cult that it's dangerously reckless [reuters.com] industry has made.
All news is about the Billionaires (Score:3)
Every day a billionaire says X and we are supposed to divide ourselves into supporters and opposition.
Everywhere you look it is just billionaires controlling the narrative and dividing people.
Musk, Thiel, Zuckerberg, Trump, Putin, M.B.S, Murdoch, Koch ....
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Buffet should be anti-BTC, pro-blockchain (Score:2)
Because blockchain is literally the only tech that can solve the current extremely serious problems that the financial industry has around trust.
Wall St. basically functions as a bunch of monolithic ledgers that have to theoretically balance--mostly, kinda, hopefully.
Did you know that no one at any given time knows how many shares of a stock are really in the marketplace? Sounds crazy, right? Except there is no central registry of shares with each given a shiny serial number and attached to an owner.
Until 2
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Pulled out the "Geezer Card", eh? (Score:2)
If somebody questions a bad idea, just label them an out-of-touch geezer. That happened to me by questioning the architect's overuse of microservices, probably a case of Resume Oriented Programming. It just created an e-bureaucracy that would only be of help if our staff increased say 30x its current size. It became an ugly buzzword contest. I asked for specific sample scenarios where it would help, and the architect clearly didn't know shit about the domain, but in the end I was out-ranked and told to zipp
Ad homeniem (Score:4, Informative)
Theil is essentially attacking the person, not the argument. Maybe he should start by understanding why Buffet et al does not want to use bitcoin and then come up with a counter argument.
Mixed Bag (Score:1)
I'm not sure about the rest of his rant but I think he's right about the large banks.
I wish BitCoin people would stop railing on others and simply work to promote the biggest real selling point of BitCoin - freedom of transaction with whoever you like.
Currently not everyone benefits from that but as modern day Puritanism and government control expands, more and more people will appreciate the freedom to actually be able to spend money any way they like.
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I wish BitCoin people would stop railing on others and simply work to promote the biggest real selling point of BitCoin - freedom of transaction with whoever you like.
Ugh. Let's say I wanted to send you some Bitcoin. Well you're out of luck, because I don't have any and I don't trust any of these shady exchanges with direct access to my bank account. But for the sake of argument, I'll try a little harder and figure there's probably a Bitcoin ATM around here somewhere.
I've never used a Bitcoin ATM, but I'll assume they can turn cash into Bitcoin. If not, that's another problem, because I'm not putting my credit or debit card into some random sketchy kiosk at the local
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Ugh. Let's say I wanted to send you some Bitcoin. Well you're out of luck, because I don't have any and I don't trust any of these shady exchanges..Proceeding under the assumption that these things accept cash, now I need to get in my car, drive to my bank and get some cash, because that's another thing I typically don't have..
That's a quite a long way to say you can't pay me bitcoin when chances are you could use an inline exchange that uses credit cards to send me BitCoin and charge you directly, and most
I thought Bitcoin was independent (Score:1)
Who is Peter Thiel? (Score:2)
https://www.youtube.com/watch?... [youtube.com] (German with human-translated English subtitles)
WTF is happening to the Bitcoin price? (Score:3)
At a glance it seems "normal" (at least for Bitcoin), it had its big jump in the fall, took a big dive, and since then it's been stable.
But at the same time I'm seeing sports stadiums named after crypto, sports panels sponsored by crypto, A-list actors shilling crypto, investment companies talking about how you can trade crypto, etc, etc.
The hype wagon is going into overdrive which one would expect to create a bubble, but instead the price has been relatively stable, which seems pretty damn weird to me.
Is the hype campaign failing and new investors just aren't buying much? Or are they buying but others are dumping enough to keep the price the same? Is something else entirely going on?
It seems weird that the price isn't changing when there's this much marketing and improved accessibility happening.
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The more you expose cryptocurrency to average people, the more you're getting into the kind of folks who'll look at it and go "I'm not paying $100 for point-zero-zero something of a Bitcoin. Screw that." Also, average people have a whole lot less disposable money to gamble with.
Oh, ES-R (Score:2)
For a minute, I was wondering just what Eric S. Raymond had done to piss Thiel off so badly.
People still use pinrest? (Score:2)
That was the most surprising part of the story.
Demanding support means failure. (Score:4, Insightful)
If your invention requires government support then it is a failure.
If your invention requires the support of existing competitors, then it is a failure. In fact, if your invention cannot stand up to the hate of existing competitors, then it is a failure.
That is how capitalism works. If your invention does not beat the previous work-arounds, then your invention SUCKS.
Did you think that horse and buggy people did not hate automobiles? That the Telegraph people did not hate the Telephone? (Note, they had a chance to buy it but refused, :D )
You are not entitled to a profit. In capitalism, you are only entitled to a fair market, and crypto has been given that. It is not illegal to own or use it. They do not tax it more than they tax other coins. It has little to no regulations, especially as compared to other currency (with I believe the exception of some excessive rules on mutual funds owning crypto).
As for the idea that investors should have to invest in something despite not liking it, that is ridiculous. No real investor will EVER invest as a political statement, though their political beliefs may affect what they invest in.
Taking other peoples distrust of your financial product as an attack makes you look like a con-man, it does not make them look 'political'.
This complaint makes Thiel seem foolish, especially the use of the jargon "ESG". Speak so that a child can understand you, if only because children seem to be smarter than Thiel.
Pot meet kettle (Score:2)
Gerontocracy? (Score:2)
Idiot Thiel wants other idiots to buy Shitcoins (Score:2)
the Sociopath vs the machine (Score:2)
The hallmark of civilized society is that we have institutions that act as barriers against the criminality of sociopaths. Said sociopaths have long complained about these rules. As such, Thiel's tirade is nothing new. What is scary these days is the fact the sociopaths are succeeding in convincing people that the sociopaths' perversions are valid, even truth. The insanities of Oswald Mosely, Hitler, the Kims, Putin, the Iranian clerics, and many others are not novel or of any concern in and of themselves.
Thiel’s ‘entitlement’ tantrum&rs (Score:2)
isn’t going to find sympathy from Silent Generation who still have keys to the fiat currency.
There are no statutes for crypto currency, never will be. U.S. has the USD, checking and credit card platforms instantiated in statute to run on the Federal banking system. They are not responsible for Thiel’s itty bitcoin currency that he’d like to stand-up in olace of the other three allowed by law.
But rant you may Mr. Thiel, its a freedom you enjoy free speech. Bitcoin has yet to establish its b